Still room left / 70s and 2000s bullJust compare the %-Distance during the last 2 bull-runs.
We have some upside left.
Goldlong
Gold Bulls to takeoverGold had a rally upwards today and yesterday now we are still in a bullish trend 2800 is not too far as to say this i have a confluence of fibonachi retracement if price breaks above 2789 level of resistance we will be the part of bull run
ADP data is coming soon! Gold shortThe market performance on Wednesday (October 30) continued the recent strong upward momentum. The price of gold hit $2,789.83/ounce in early trading, setting a new record high and rising sharply by more than $15. With the ongoing conflicts in the Middle East and the intensification of geopolitical risks, gold has once again become a safe haven choice for investors.
Technical analysis
After breaking through the resistance area of 2,780-2,785 US dollars/ounce, the price of gold became an offensive signal for bulls. The price of gold may further push towards the $2,800/ounce mark. At present, any meaningful correction is expected to find good support around $2,750/ounce. If there is a subsequent sell-off in the price of gold, it may push the price of gold to the support level of $2,732-2,730/ounce, or even further down to the $2,715/ounce area.
Today's focus data:
US unemployment rate in October
US non-farm payrolls in October (10,000 people)
Today's expected trend of gold prices can focus on the fluctuations between the support level of $2,765.00/ounce and the resistance level of $2,800.00/ounce. Under the current market sentiment and technical conditions, gold is still a worthy investment option.
Gold: Are You Stuck?After experiencing a setback, we are now steadily making profits again. Today, gold has finally lived up to our expectations. By employing high-frequency trading, we executed several orders and achieved substantial gains.
The MA60 has successfully completed a test, but several other MAs are acting as resistance. Therefore, in the upcoming trades, I plan to continue selling until MA5 becomes support again, at which point I will switch to buying.
XAUUSD: 30/10 Market Analysis and Strategy TodayTechnical analysis of gold
Daily resistance 2800, support below 2725
Four-hour resistance 2800, support below 2770
Gold operation suggestions: Yesterday's short-term retracement was to accumulate momentum for the rise. Yesterday, the technical side of gold repeatedly fluctuated and sawed, and finally ushered in a bullish breakthrough and strengthening. In the evening, the US market accelerated and stood firmly at the previous high of 2758 and continued to rise to 2770 and closed strongly. The overall gold price hit a new historical high again, and the daily level technical indicators continued to maintain a bullish arrangement and diverge upward. Today, we still mainly follow the trend to step back and do more, supplemented by shorting, but don't chase more at high prices, wait for the market to stabilize and find opportunities to enter the market. This week is a non-agricultural data week, and the market will fluctuate greatly.
From the current market trend, we will rely on the 4-hour level support to arrange long orders. The support below is near the 2764-70 line. We will look for opportunities to arrange long orders when we step back. In the middle position, we will watch more and move less and chase orders cautiously, and wait patiently for key points to enter the market.
BUY:2764near SL:2760
BUY:2750near SL:2747
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
GOLD Moves: Key Levels to Watch TodayGOLD Analysis Overview
Current Market Levels:
The market is expected to sell off from the zone of 2780-2785.
A potential buy opportunity may arise from the zone of 2760-2755.
Intraday Trading Strategy:
Sell Zone: Monitor price action around 2780-2785 for potential short positions.
Buy Zone: Look for bullish signals around 2760-2755 for potential long entries.
Key Economic Indicator:
Non-Farm Payroll (NFP) Release: Scheduled for this Friday, which may significantly impact market volatility. Stay alert for potential price swings surrounding the announcement.
Trading Considerations:
Be cautious and prepare for increased volatility as NFP data is released.
Implement proper risk management strategies to mitigate potential losses.
Conclusion: If you find this analysis valuable, consider sharing it with your trading community to enhance collaborative insights.
XAUUSD Trading Setup - Gold : Triangle Pattern ?Trading Setup:
A Trading Signal is seen in the Gold XAUUSD Currency Pair.
Traders can open their Buy Trades NOW
⬆️ Buy Now or buy on 2739.0
⭕️SL @ 2723.0
🔵TP1 @ 2784.0
🔵TP2 @ 2799.9
🔵TP3 @ 2840.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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GOLD: Trend is still bullish on intraday chartHi Traders!
Gold futures are up 0.6% at $2,793.50 a troy ounce after hitting a fresh record of $2,801.70 an ounce earlier in the session. The new high reflects safe-haven demand, boosted by uncertainty around the U.S. election, says Vivek Dhar, analyst at Commonwealth Bank of Australia. The growing likelihood of a Trump presidency has likely played a role too. Former President Trump's plans raise the risk of policy disruption, geopolitical tensions and a higher U.S. debt profile, Dhar says in a research report. These have further boosted gold's appeal as a safe-haven asset. CBA expects gold to average $2,800 an ounce throughout the fourth quarter of 2024. It expects gold to rise to average $3,000 an ounce by the fourth quarter of 2025.
From a technical point of view, during yesterday's session Gold reached our TARGET 1 (see chart/analysis below), at the same time, the trend seems to remain bullish, and after a corrective structure on intraday chart, Gold could reach the 2,800 area also on the spot market.
🔴 ANALYSIS TARGET 1
(click and play on chart below)
Thanks for watching.
10.30Gold accelerates to the top, 2780 watershedThe gold market rose strongly yesterday. It opened at 2742.3 in the morning and then fell back to 2739.5. After that, it rose strongly. After reaching the previous historical high of 2758, the market was under pressure and consolidated to 2745.8. After that, the market rose strongly in the US market due to fundamental stimulus. After breaking the previous historical high, it reached the highest point of 2774.9 and then consolidated. The daily line finally closed at 2774.5. After that, the market ended with a saturated large The market closed with a positive line, and after this pattern ends, today's market has the technical need to impact the 2805 pressure. In terms of points, the longs at 1996 and 2028 below have stop losses followed up at 2600. After the long positions at 2722 were reduced last Friday, the stop loss followed up at 2735. Today's market is 2762 longs and 2759 longs are conservative with stop losses at 2755. The target is 2775. If it breaks through, the target of this round of impact will be at the 2800-2805 pressure.
XAUUSD ANALYSISChart : 4Hour
Overall Trend : Bullish
Current Market Structure : Downtrend
Scenario 1 :
Gold has created a new all time high , currently waiting on a pull back to a strong demand before buying the market again .
GOLD Key LevelsTVC:GOLD Gold indicators are bullish, if the 4-hour candle opens above 2787 it will rise to 2801 and if the price stabilizes above 2801 it will rise to 2819 and if it breaks this level also it will rise to 2840 . And also If the price drops to 2768 and the 4-hour candle opens below this level, it will drop to 2739.
Those who are shorting or want to short remember to readToday, the market has reached my target position of 2757, 2765.2770 for the third time. The long order has completely won. After the fast strategy of high-level selling and low-buying was announced today, members all made good profits. In such an extreme market, I think such a profit is acceptable. Maybe for many people, not losing money is a good result. But not for me. There must be a profit every day. And it must be a good profit.
Next is the short selling plan. Today, the New York market is expected to retreat to 2765 or below. If it reaches, continue to go long. The target is 2775. The Asian market can continue to wait for the position of 2780. The announcement of GDP the next day needs to be paid special attention. If the data is negative, the probability of reaching 2800 this week is not high. If the data is positive, then 2800 is very close. Because there will be a non-agricultural data release on Friday this week. This value can determine whether the market can reach 2800 points. In layman's terms, the gold price will continue to rise from today to tomorrow.
It has been expanding profits for a month. Others verify based on the winning rate. My verification method is based on the failure rate. If you want to save your account, follow me. And leave a message.
Possible gold Out lookAs in my previous anylisis i have told that Gold can rally upwards and it has broken its 4H channel and made a rally above Gold has performed like an Ubriddeled horse yesterday but it seems like the buyers have got exhausted as price has began to drop after taking resistance over 2780 level of physiological resistance also the confluence for predicting a big drop is price has made a rising wedge pattern which can be a possibility to drop the price of Gold in todays trading session on the other hand if price goes More Upwards it can stall over 2800 price level which is also a physiological resistance level also we have a fair value Gap and an order block of 4H on 2740 price level so technically i am waiting to buy gold from above 2740 level of support
Gold:$2700 in Sight Amid Falling Interest Rates & Rising TensionHey Realistic Traders, let’s dive into the analysis of OANDA:XAUUSD
In the H4 timeframe, gold has touched the bullish trendline three times before continuing its upward trajectory. This consistent support underscores the strength of the bullish trend. Recently, the price formed a descending broadening wedge pattern followed by a breakout, signaling further bullish potential.
Over the past few days, gold has held strong above the upper trendline, increasing the likelihood of sustained bullish momentum. Additionally, the MACD has made a bullish crossover, indicating upward momentum. With these technical indicators aligning, we could see an exciting continuation of this upward movement toward Target Area 1 at $2,708, or even reaching Target Area 2 at $2,766. However, traders should watch the stop-loss level at $2,614 closely. A break below this level could give bears a chance to take control. Stay tuned and be ready to capitalize on these movements!
Fundamental factors support the bullish trend in gold prices. Global central banks are cutting interest rates to boost their economies, leading to weaker currencies compared to gold. Additionally, geopolitical tensions are escalating, exemplified by the unprecedented Israeli attacks on Lebanon and the killing of Hezbollah’s leader on September 27, which may provoke retaliation. This global uncertainty is driving investors to seek safe-haven assets, particularly gold.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. "
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XAUUSD H1The road to 2800 levels is open for gold
Gold was able to close strongly positively during today's trading session and the bulls control the markets
Accordingly, we are looking forward to buying from 2760 levels
With initial targets at levels: 2775
Second target: 2790
Third target: 2800
The stop is an hourly close below 2750 levels and a close below it
Ideal Time to Short Gold Overnight—Exercise CautionGold is now ready for another short (sell) position, with the option to hold overnight and plan to close tomorrow. Please be mindful of the risks as you trade and ensure your strategy aligns with your individual risk tolerance—stability is key to success!
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
XAUUSD: Based on Previous Analysis! **XAUUSD: 1-Hour Chart Analysis**
Hello Traders,
Based on our previous analysis, we had expected prices to reversed from our designated buying zone. And price did that exactly, reversing from 2625 which took the price towards 2771. Where we have seen some resistance. We still are very much bullish on Gold. Next targets are 2800$ and then 2900$ as followed.
Gold experienced a surge, reaching 2605 before reversing its direction. Investors anticipated a decline below 2700$. However, the price rebounded to 2743$, filling the volume gap and subsequently dropping to 2715$, which marked the last low. Despite this, the price failed to establish another lower low. Subsequently, it fluctuated within the vicinity before exhibiting a shift in price character.
The upcoming chart analysis indicates an exceptionally bullish outlook. Price has the potential to create another higher high, supported by robust fundamentals and technical indicators signalling a strong bullish sentiment. Traders with open buy positions may consider holding them.
The market opened with a sell side gap on Monday, which does not invalidate our entry at all. Currently, the price is 400+ pips in the green. I recommend closing half of the positions.
How Much Gold Should You Hold in Your Portfolio?
Gold, often referred to as a safe-haven asset, has historically been a reliable hedge against inflation, economic uncertainty, and geopolitical risks. As the global economic landscape becomes increasingly volatile, many investors are turning to gold to diversify their portfolios and protect their wealth.
The Case for Gold
• Inflation Hedge: Gold has traditionally been a reliable hedge against inflation. As the purchasing power of fiat currencies erodes, the value of gold tends to rise.
• Diversification: Gold has a low correlation with other asset classes like stocks and bonds. This means that adding gold to your portfolio can help reduce overall risk.
• Safe-Haven Asset: In times of economic turmoil or geopolitical uncertainty, investors often flock to gold as a safe-haven asset.
•
How Much Gold Should You Own?
The optimal allocation to gold in a portfolio depends on various factors, including your risk tolerance, investment horizon, and overall financial goals. However, in the current economic climate, many experts recommend allocating a significant portion of your portfolio to gold.
A 15-20% Allocation: A Prudent Choice
Given the current economic uncertainty, geopolitical tensions, and inflationary pressures, many financial advisors suggest allocating 15-20% of your portfolio to gold. This allocation can provide a solid hedge against potential downside risks and help preserve your wealth over the long term.
Factors to Consider:
• Risk Tolerance: If you have a higher risk tolerance, you may consider a higher allocation to gold. However, it's important to balance risk and reward.
• Investment Horizon: A longer investment horizon allows for a more aggressive allocation to riskier assets like stocks. However, gold can still be a valuable component of a long-term portfolio.
• Market Conditions: Economic conditions, geopolitical events, and central bank policies can significantly impact the price of gold. Stay informed about these factors to adjust your allocation as needed.
• Diversification: Ensure that your gold investment is part of a diversified portfolio. This means spreading your investments across various asset classes to reduce risk.
•
How to Invest in Gold
There are several ways to invest in gold:
• Physical Gold: Buying physical gold in the form of coins or bars is a traditional method. However, it requires secure storage.
• Gold ETFs: Gold exchange-traded funds (ETFs) provide a convenient way to invest in gold without the hassle of physical storage.
• Gold Mining Stocks: Investing in gold mining companies can offer exposure to the gold market, but it comes with additional risks associated with the mining industry.
•
Conclusion
In conclusion, while gold may not offer the same potential for high returns as other asset classes, it can be a valuable tool for risk management and wealth preservation. By allocating a significant portion of your portfolio to gold, you can protect your wealth against a range of risks and secure your financial future.
GOLD: Trend is still bullishHi Traders!
Gold futures rise 0.3% to $2,763.30 a troy ounce. The precious metal is close to its all-time high of $2,772.60/oz, set on Wednesday. Gold is maintaining its strength despite rising U.S. Treasury yields and slightly easing geopolitical tensions, says Pepperstone research strategist Dilin Wu. The driving force appears to be bets on a potential Trump victory in the U.S. presidential election, Wu says in a note. This is coupled with growing concerns over the escalating U.S. debt crisis. While both candidates advocate for expansionary fiscal policies, a sweep for Trump could see U.S. debt skyrocket by $7.5 trillion over the next decade, Wu says. This is more than double the $3.5 trillion expected under a Harris administration. Given the "Trump trade," the path of least resistance for gold seems to be upward, she adds.
From a technical point of view, the trend is still bullish and on the intraday chart we have something like a bullish harmonic structure with a potential Target around 2773. The Trendline bearish breakout is negative, because it could trigger the Harmonic Pattern failure. Please support this idea for future updates below.
Thanks for watching.
Overall View of 2 DaysBTC Update, USDCHF Update, Nasdaq Update, Gold Update
Please Watch Complete Video, Sorry for Noice due to my MIC.
Gold New ATH Coming Gold Sweep Sell Side Liquidity, Now Gold Moving Again Up Side, and Bullish Momentum Again. SMT Also There, So May Be We Will Hit New ATH in Coming Week.
